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| Prospect News home > News index > List of issuers K > Headlines for K. Hovnanian Enterprises, Inc. > News item |
K. Hovnanian redeems $100 million 7¾% secured notes at 103.875
By Mary-Katherine Stinson
Lexington, Ky., May 2 – K. Hovnanian Enterprises, Inc., a wholly owned subsidiary of Hovnanian Enterprises, Inc., completed the redemption of $100 million of its 7¾% senior secured 1.125-lien notes due 2026, according to an 8-K filing with the Securities and Exchange Commission.
The notes were redeemed at 103.875 plus accrued interest to the settlement date.
The redemption was funded with available cash.
As of April 29, following the redemption, $250 million of the notes were outstanding.
Hovnanian is a Matawan, N.J., homebuilder.
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